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there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several years at least, and a lot of that has to
. the commission says there's no immediate danger to consumers, but it could be costly to the eurozone economy, and tighter measures are planned. france, greece and denmark had the highest amounts of horse meat in beef. devry, inc., which operates private colleges and training schools, is being investigated by officials in two states. the attornies general of both illinois and massachusetts are investigating. illinois is looking into incentive-based compensation, illegal under laws governing schools participating in federal aid programs. massachusetts wants to know if devry filed false information about its students. devry says it is cooperating with the investigations. general motors edges out volkswagen in first quarter sales as both try to catch up to toyota. gm sold 2.36 million cars and trucks around the world in the first three months of 2013. volkswagen sold 2.27 million vehicles during that same time. toyota was in the lead with most cars sold in 2012. rising maintenance costs are making owning a car more expensive. aaa says car expenses are up 2% from last year. the average sedan now
economy. he made the comment on cnbc yesterday. the equipment company, however, turned in disappointing earnings revenue and forecast in its earnings report. a marketing gimmick paid off for hasbro. the toy company reported moderate revenue growth. hasbro had an onlne contest to create a new token for monopoly. the public choose a cat. the company calls the contest "tremendously successful". the conservative koch brothers are reportedly eyeing a big investment in media - specifically, eight tribune company publications, including the chicago tribune, the los angeles times, and the baltimore sun. media ownership is reportedly something the koch brothers have focused on as part of a long-term plan to shrink the u.s. government and its regulations. a spokeswoman for koch industries says politics has nothing to do with the possible newspaper acquistion. we don't mean to gross you out, but bedbugs are making an aggressive move into hospitals and nursing homes. the national pest management association reports a 6% rise in bedbug extermination at hospitals, while the number has doubled to 46%
. >> because that's not going to do the economy any good. we all need to make a living. we make a living, we spend money, we buy goods, we sell goods it just keeps it going. >> every business can buckle up a little bit. >> cuts make sense, some say. but not if they ground an expanding business grounding. >> it's going to be more taxes for the state. i think that's pretty critical. >> reporter: this airport runs some 80,000 oerpgs -- operations a year with about a dozen controllers. huge for the pilots who are based here. there's a flight school and a restaurant, where the owner says better to have fewer controllers than none at all. >> they will have to scale it up with the skeleton group. we're not imposing a danger to the pilots that are flying in and out of the this field. >> reporter: faa towers like this one are safe from closing until at least next year. but more than 100 others under federal contract are slated to shut in june. meanwhile, airline and pilot organizations are suing to halt the furloughs already under way. reporting live in santa rosa, debra villalon, ktvu channel 2 new
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